Current through P.L. 171-2024
Section 23-4-1-6 - Partnership defined(1) A partnership is an association of two (2) or more persons to carry on as co-owners a business for profit and includes for all purposes of the laws of this state a limited liability partnership.(2) An association formed under any other statute of this state, or any statute adopted by authority, other than the authority of this state, is not a partnership under this chapter, unless such association would have been a partnership in this state prior to January 1, 1950; but this chapter shall apply to limited partnerships except insofar as the statutes relating to such partnerships are inconsistent with this chapter.(Formerly: Acts 1949, c.114, s.6.) As amended by P.L. 34-1987, SEC.291; P.L. 230-1995, SEC.2.